Need an appraisal for an FHA-backed mortgage? Call Appraisal Carolina, LLCThe FHA publishes a roster of approved appraisers for each state - Appraisal Carolina, LLC is on the roster of approved appraisers for North Carolina. If you have an FHA-insured mortgage, be sure to get with Appraisal Carolina, LLC, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal Carolina, LLC is well-trained on how to follow the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured loan, it means it is underwritten by them. None of the funds are provided by the FHA. What the FHA does is see to it that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not. Remember, the FHA deviates from the VA appraiser panel in that the lending agency can choose the appraiser. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are invaluable to consumers with less starting income. |
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